Jim Brennan

A bill from Assembly Member Jim Brennan, who chairs the Committee on Corporations, Authorities and Commissions, would create a transportation finance authority to collect new taxes and help fund the MTA as well as roads, bridges, and transit statewide. It's the first major transportation funding proposal to come out of Albany this year.

Yesterday, a group of Assembly members and advocates took Governor Cuomo to task for the $40 million transit raid in his budget proposal. The legislators unveiled a letter [PDF] urging Assembly Speaker Sheldon Silver to restore the funds in the legislative budget, due for a vote on March 12.

Hours after the MTA announced that it would be scaling back planned fare hikes in part because of better-than-expected tax receipts, Governor Cuomo vetoed two transparency bills designed to discourage Albany from siphoning away those very same dedicated transit funds. The governor capped his veto with a brazen denial: Despite getting caught raiding the MTA's budget earlier this year, Cuomo insisted that he's done no such thing.

When New Yorkers go to the polls less than a year from now, they'll definitely be voting for a new mayor, and they might also be voting for billions in state-backed transportation funding, if a measure put forward by Assembly Member James Brennan clears Albany.

With the next three years of the MTA capital plan officially moving forward -- even without dedicated funding from Albany -- it's time to start talking about 2015. That's when the next MTA capital plan starts. And distant as it may seem, on the political calendar it's just around the corner.

Governor Andrew Cuomo and the leadership of the state legislature added insult to injury last night, neutering the transit lockbox bill even after they put hundreds of millions in dedicated transit revenue at risk. While lockbox language did make it into the omnibus legislation passed last night, the governor's office stripped out the meaningful provisions and added a giant loophole.

Could the state legislature get in on the costly, congestion-inducing parking minimum game? And could they do it at the site of Brooklyn's biggest transit hub? Under a proposal by Assembly Member James Brennan, that's exactly what would happen.

Though the state legislature was expected to work well into the morning last night, dealing with major priorities like rent regulation and gay marriage in addition to lower-profile but still-important bills like the transit funding lockbox, the negotiated deals fell apart and the legislature put off all its business until this morning. The path to passage for any of those bills is a little less obvious than it was a day ago, but the lockbox still has a good chance of making it through the State Assembly.

Momentum is growing in the push to protect dedicated MTA funds from Albany's predations, but with only one month left in the legislative session, time is ticking. Assembly Member Jim Brennan and Senator Marty Golden, the bipartisan sponsors of the transit funding lockbox bill, stood today with a broad coalition of transit advocates in the Times Square subway station to make a final push for their legislation.